Summary
Corteva, Inc. reported strong financial performance for the first quarter of 2026, with net sales increasing by 11% year-over-year to $4.9 billion, driven by a 6% volume increase, a 4% favorable currency impact, and a 1% price increase. This growth was observed across both the Seed and Crop Protection segments, with the Seed segment seeing a 12% increase in net sales and a 23% rise in segment operating EBITDA, and the Crop Protection segment reporting a 10% increase in net sales and a 15% rise in segment operating EBITDA. The company's profitability also improved, with net income attributable to Corteva increasing to $720 million from $652 million in the prior year quarter, resulting in diluted earnings per share of $1.07 compared to $0.95. Significant events during the quarter include the announcement of an intent to separate into two independent companies focused on Seed and Crop Protection businesses, alongside the initiation of "2026 Restructuring Actions" aimed at aligning the organizational structure for this separation, incurring $78 million in associated charges. The company also returned approximately $370 million to shareholders through share repurchases and dividends. While the company experienced a significant negative cash flow from operations of $(2.9) billion, largely due to a substantial increase in accounts and notes receivable and a large payment related to the Bayer dispute resolution, its liquidity position remains robust with approximately $6.7 billion in available credit facilities.
Financial Highlights
52 data points| Revenue | $4.91B |
| Cost of Revenue | $2.37B |
| Gross Profit | $2.53B |
| R&D Expenses | $341.00M |
| SG&A Expenses | $877.00M |
| Net Income | $723.00M |
| EPS (Basic) | $1.07 |
| EPS (Diluted) | $1.07 |
| Shares Outstanding (Basic) | 672.50M |
| Shares Outstanding (Diluted) | 673.60M |
Key Highlights
- 1Net sales increased by 11% to $4.9 billion in Q1 2026 compared to Q1 2025, driven by volume growth, favorable currency impacts, and price increases.
- 2Net income attributable to Corteva rose to $720 million, or $1.07 per diluted share, from $652 million, or $0.95 per diluted share, in the prior year quarter.
- 3Both the Seed segment (up 12% in net sales, up 23% in operating EBITDA) and Crop Protection segment (up 10% in net sales, up 15% in operating EBITDA) showed significant growth.
- 4Corteva announced its intent to separate into two independent publicly traded companies (Seed and Crop Protection businesses) by October 1, 2025.
- 5The company initiated "2026 Restructuring Actions" with associated charges of $78 million, aimed at preparing for the business separation.
- 6Shareholders received approximately $370 million in Q1 2026 through share repurchases and dividends.
- 7Operating EBITDA increased by 21% to $1.4 billion, demonstrating strong operational profitability.